YEREVAN, February 4. /ARKA/. Armenia’s financial sector will keep lending money to the economy, the Central Bank of Armenia says in its monetary program for 2011.
“Mortgage and business lending is expected to regain momentum this year, but lending to the economy is thought to show not so impressive growth – 18% instead of the previous year’s 27% due to the planned toughening of monetary conditions,” the regulator says in its program. -0-
